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and for the american people. >> yesterday's faa's furlough produced the predicted flight delays, and senator mcconnell said as a result of the administration's poor planning and political motives were stuck op the tarmac. what's the reaction to that? >> i find it interesting the republican is decrying the sequester in the past that he support. it's a result. we made it clear that there looks like there would be negative effects if congress failed to take reasonable action to avert the sequester, policy that everyone who was involved in writing it knew at the time and was never designed to be implemented, but designed to be bad policy and to be avoided. the fact is that congress had an opportunity, but republicans made a choice, and this is a result of a choice they made to embrace the sequester as -- and i'm quoting republicans, a victory for the tea party and a home run. i don't know that they agree with it because they changed positions on sequester a variety of times in the last several months. it should have never been policy. president put forward a comprehensive balanced approach to defic
: the faa releasing a statement saying it will quote, be working with the airlines and using a comprehensive set of air traffic management tools to minimize the delays and impacts of lower staffing as we move into the busy summer season. do you find that reassuring? i'm not sure i do. good morning stuart. stuart varney from the fox business network. stuart couldn't we move money over from consultants and grants to help folks out in the control tower? >> let me spell out what we're talking about. $500 million this year for consultants. $474 million in wrapts grants to make communities more liveable and sustainable. obvious, question, martha, take some money out of the consultants bucket and put it into air traffic controlsers bucket to avoid delays. president says can't do that. i don't have the flexibility to target nonessentials. can't do it. so the republicans introduced a bill that would specifically give the president that flexibility, to avoid this pain. he threatened to veto it. that's where we stand this morning. more cuts are coming. more delays are coming. the president does not wan
what those jitters say about the state of the this market coming up. ashley: outrage over faa furloughs and flight deys. lawmakers demanding answers from the white house. but those delays not stopping airline stocks from soaring. they're in the green today. we'll have all of that straight ahead. tracy: everyone is talking apple expected to report its first quarterly profit drop in 10 years. can apple do anything to stop the slide? we'll have a preview coming up. ashley: first at to the top of the hour, stocks back on track after a steep drop last hour. nicole petallides on the floor of the new york stock exchange. sandra smith is in the pits of the consider me. let's begin with nicole. i guess it as hacker flash crash of sorts, nicole. >> that is good way to call it. this is moment, whew, its all done. we made it through. look where market averages are. they are virtually where they were moments before we saw the market move into negative territory. the dow industrials up 130 points, a gain of 1%. like s&p 500, tech-heavy nasdaq best of the bunch. continuing trend we've seen three days
Search Results 0 to 2 of about 3